Bank of England keeps interest rates frozen at 15-year high - but inflation to hit 2% target ‘in months’

Hawkish Bank of England officials opted to freeze interest rates at a 15-year high but new forecasts suggest inflation could fall below the 2 per cent target in a matter of months.

Policymakers at the central bank voted to keep interest rates at 5.25 per cent for the fourth consecutive time on Thursday despite inflation trending downwards.

Officials at the Bank were accused by some of acting too slowly to tackle inflation when it spiralled into double-digit figures in 2022 and so will be keen to ensure